Federal Reserve Bank of Atlanta
Coverage of Federal Reserve Bank of Atlanta in the Nexus archive.
- The K-shaped economy isn't dead yet
The debate over whether the U.S. economy remains K-shaped (diverging outcomes for high and low earners) or has shifted to a C-shaped (converging outcomes) continues. Treasury Secretary Scott Bessent claims the K-shaped economy is over, citing wage growth for lower earners and moderating housing inflation, while analysts argue data shows limited convergence and persistent inequality.
- Scott Bessent is ‘sick of hearing about’ the K-shaped economy and declares it’s over—but the data would beg to disagree
Scott Bessent claims the K-shaped economy is over, asserting a C-shaped economy where lower-wage earners are catching up. However, data from the Federal Reserve Bank of Atlanta and analyses from Goldman Sachs and Morgan Stanley suggest wage growth disparities persist. Bessent credits the One Big Beautiful Bill Act for improving household finances, though its economic benefits may be offset by factors like gasoline price fluctuations.
- The minimum wage is now the lowest it’s been in 70 years—making the federal wage floor ‘officially a poverty wage,’ report finds
The U.S. federal minimum wage has remained at $7.25 for 17 years, making it the lowest in 70 years and officially a poverty wage, according to a report by the Center for Economic and Policy Research (CEPR). A full-time job at this wage falls below the Department of Health and Human Services' poverty threshold, with 62% of Americans supporting a $15 minimum wage.
- Atlanta Fed chief selection delay gives Warsh a say
The Federal Reserve Bank of Atlanta delayed selecting a new president until Kevin Warsh's appointment as Fed chairman, allowing him to influence the choice of an official who will vote on interest rates in 2027. The process, paused after Warsh's swearing-in, has drawn attention from Trump administration officials, including Treasury Secretary Scott Bessent and Kevin Hassett, amid broader efforts to reshape the central bank. Candidates interviewed include Rebecca Patterson, Marc Sumerlin, and Michael Faulkender.
- Inside Kevin Warsh's selection process for the next Atlanta Fed president
Kevin Warsh, the new Fed Chairman, is selecting a new head for the Federal Reserve Bank of Atlanta, presenting an opportunity to reshape the central bank.